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Onex Corporation has announced it is to acquire a majority stake in WireCo WorldGroup in a recapitalization transaction. WireCo is a leading gLobal manufacturer of missioncritical steel wire rope, synthetic rope, specialty wire and engineered products. Funds managed by Paine & Partners, LLC, will retain a minority interest alongside WireCo management. The transaction is expected to close later this year subject to customary conditions and regulatory approvals.





